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    Signature(s)

    Amount
    € 2,999,993.5
    Countries
    Sector(s)
    ACP States : € 2,999,993.5
    Services : € 2,999,993.5
    Signature date(s)
    11/06/2015 : € 2,999,993.5
    Link to source

    Summary sheet

    Release date
    11 December 2014
    Status
    Reference
    Signed | 11/06/2015
    20140741
    Project name
    Promoter - financial intermediary
    MICROCRED III
    MicroCred is sponsored by Planet Finance, a French microfinance group active in 88 countries around the world. Its mission is to provide quality financial services that are accessible and adapted to the needs of the individuals who are underserved and unserved by the financial sector, particularly the micro, small and medium entrepreneurs.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 3 million
    EUR 32 million
    Location
    Sector(s)
    Description
    Objectives

    Participation in the capital increase of Microcred, a microfinance holding company incorporated in France.

    The proposed operation will support the growth and development of Microcred's network of microfinance affiliates, in particular in sub-Saharan Africa.

    Environmental aspects
    Procurement

    N/A

    N/A

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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    Alternatively, the EIB can be contacted through its external offices.
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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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